Tag:

Merchant Customer Exchange

Latest Headlines

Latest Headlines

Retailers move in on mobile payments to reduce costs, increase loyalty

The mobile payment market is attracting big retailers who want to reduce transaction costs and increase customer loyalty, Reuters reports.

MCX names Barclaycard exec Dekkers Davidson as CEO

Merchant Customer Exchange, the forthcoming nationwide mobile commerce network spearheaded by retailers including Walmart, Target, Best Buy and 7-Eleven, has named Dekkers Davidson as chief executive officer.

Report: Starbucks driving most North American mobile wallet transactions

North American consumers are on pace to spend $44 billion on in-store mobile wallet transactions in 2017, up from just $500 million in 2012, according to a new forecast issued by research firm Berg Insight.

Why Walmart poses a major threat to the mobile payments hierarchy

It's been roughly nine months since more than a dozen leading U.S. retailers including Walmart, Target, Best Buy, Sears and 7-Eleven first banded together to create Merchant Customer Exchange, a nationwide mobile commerce network designed to support smartphone-enabled purchases, consumer offers and mobile marketing promotions. The MCX initiative remains a work in progress, but here's what we know.

MCX adds Southwest Airlines, Chili's Grill & Bar to m-commerce network

Merchant Customer Exchange--the proposed nationwide mobile commerce network spearheaded by retailers including Walmart, Target, Best Buy and 7-Eleven--continues to build out its ranks, announcing Southwest Airlines, Brinker International (parent company of Chili's Grill & Bar and Maggiano's Little Italy), Pacific Convenience & Fuels and RaceTrac will support its forthcoming digital wallet.

MCX taps Gemalto to build cloud-based mobile wallet

Merchant Customer Exchange--the proposed nationwide mobile commerce network spearheaded by retailers including Walmart, Target, Best Buy and 7-Eleven--has selected digital security firm Gemalto to build its mobile wallet.

Walmart nixes Google Wallet, Isis partnerships

Walmart, the world's largest retailer, said it is only interested in mobile commerce applications that offer multiple use cases, stating that partnering with third-party payment networks such as Google Wallet and Isis doesn't make sense for its business.

Wal-Mart trials mobile-phone scanning system to speed checkout

Wal-Mart Stores Inc. has demonstrated a new "Scan and Go" checkout system that enables shoppers to use their mobile phones to scan items as they walk through stores and pay for them at self-service kiosks.

Walmart, Target, Best Buy team for cross-merchant mobile wallet

More than a dozen leading U.S. merchants are banding together to create their own nationwide mobile commerce network designed to rival efforts like Google Wallet and Isis, the point-of-sale initiative spearheaded by Verizon Wireless, AT&T and T-Mobile USA.